Banco Mercantil del Norte, S.A., Institucion de Banca Multiple, Banorte Group
Financial Institution authorized to operate banking and loan financial transactions. Its main activity is to offer all products and services within the universal banking industry in Mexico. Our business is organized in two main segments: retail banking and wholesale banking.
Retail Banking. This segment serves clients through our branches, ATM network, online, telephone and mobile banking third party correspondents, POS, and our contact center. The retail banking segment offers services to individuals, small- and medium-size enterprises (“SME”) and state and municipal governments. Products and services offered through this segment include checking and deposit accounts, credit and debit cards, mortgages, car loans, payroll and personal loans, payroll dispersion accounts, as well as car, home and life insurance offered through a cross-selling agreement with our affiliate Seguros Banorte, S.A. de C.V. (“Seguros Banorte”).
- Consumer Banking: We offer financial products and services for individuals through a multi-channel approach.Our investments in systems and technology over the past four years allow us to better target our products and services and to focus on the most profitable clients.The main products that we offer in this segment include mortgages, payroll loans, credit cards and automobile loans.
- SME Banking: We offer financial products and services for SMEs or individuals with business activities. We service our clients in this segment through a specialized team of executives distributed through a network of 11 service centers and various offices in Mexico. We provide, among others, the following main solutions: savings and investment, financing, and business insurance offered through a cross-selling agreement with Seguros Banorte. Products and services may be contracted individually, adapting to the volume of transactions of each company, or through our “Solución Integral PyME,” which allows contracting and activating several products and services through a single agreement. One of our main products is CrediActivo Comercial, a loan product targeted towards SMEs.
- State and Municipal Governments: We offer products and services for Mexican state and municipal governments, including checking accounts, financing (short and long term loans frequently secured by federal contributions (aportaciones federales), cash management and payroll payment services.
Wholesale Banking: Our wholesale banking segment comprises Corporate and Enterprise Banking, Transactional Banking, Government Banking and International Banking.
- Corporate and Enterprise Banking: specialized in comprehensive financial solutions for corporate and enterprise clients through several forms of specialized financing, including structured loans, syndicated loans, financing for acquisitions and investment plans. We also offer cash management, collections, trust services, payroll payment, checking accounts, lines of credit, and loans such as CrediActivo Empresarial (a product partially guaranteed by a Mexican development bank Nacional Financiera, S.N.C. (“NAFIN”).Our clients in this segment generally consist of multi-national companies, large Mexican corporations and midsize enterprises operating in a wide range of sectors.We offer a client-oriented banking model, which establishes the role of the relationship managers as the central axis to attend all of our customers’ financial needs.
- Transactional Banking: offers corporate and enterprise clients a comprehensive model of cash management solutions and online banking, encompassing sale, implementation and post-sale service, aiming to increase cross-selling levels.We launched a consolidated business model in 2014, which has resulted in a higher cross-selling ratio, better service and stronger ties with our clients.
- Federal Government Banking: provides financial services to the federal government, productive state enterprises, decentralized entities (such as social security institutions and public trusts) and other entities at the federal level.Products and services offered include checking accounts, loans, cash management and payroll payment services.We also offer comprehensive advisory services on public finance to increase tax collections and control and manage expenses, and we prepare financial diagnoses to design adequate profiles for debt payment through a solid financial and legal structure, aiming to strengthen our clients’ financial condition and credit quality.Serving these institutions also allows us to cross-sell checking accounts, credit card services and loan products.
- International Banking: offers products and services to our corporate and enterprise banking and SME clients to assist them with international trade needs, as well as providing correspondent banking services to foreign financial institutions.We have strategic agreements with financial institutions abroad, which allow us to offer highly competitive solutions and financial services to our clients, both locally and globally.Among the products and services offered to our import and export clients and to those with international or risk mitigation needs are: letters of credit, documentary collections, banking guarantees, stand-by letters of credit, letters of credit financing, cross-border financing for import and export transactions, and international transfer services. We also provide specialized local banking services to foreign-based companies with operations in Mexico.
Banorte Ahorro y Prevision, S.A. de C.V.
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Sub-controlling unit of Banorte Group, in accordance to the Law to Regulate Financial Groups, It holds the shares of financial entities of the group related to social security contingencies such as Insurance, Annuities and Pension Fund (Afore) companies.
Pensiones Banorte, S.A. de C.V., Banorte Group*
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Insurance Company specialized in management of pension payment distributions derived from the Social Security regulation as it relates to retirement benefits for workers. Its objective is to hold, invest, and manage the resources and payment distribution to retirees.
Seguros Banorte, S.A. de C.V., Banorte Group
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Insurance and reinsurance company offering protection and prevision services such as life medical expenses, auto and damage insurances to its individual and corporate clients. These services are provided through bankassurance channels, as well as by traditional channels comprised by agents and brokers, and by participating in federal, state and municipal public bids.
Afore XXI Banorte, S.A. de C.V.**
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Private pension fund manager, focused on opening, managing and servicing pension accounts for individuals. The company is also in charge of managing assets in the different funds pursuant to local regulation. Afores incentivize voluntary contributions, and promote this as the best savings instrument to ensure a better retirement pension, while taking advantage of fiscal benefits. **Subsidiaria de Banorte Futuro al 50%, que a su vez es subsidiaria de Seguros Banorte
***Subsidiary of Banorte Futuro with a 50% participation in the business, which in turn is a subsidiary of Seguros Banorte.
Casa de Bolsa Banorte, S.A. de C.V., Banorte Group
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Financial Intermediary authorized to operate in the stock market, performing trade transactions, security issuance,financial advisory services, securities and mutual fund transactions, portfolio management services, asset management and investment banking services.
Operadora de Fondos Banorte, S.A. de C.V., Sociedad Operadora de Fondos de Inversion, Banorte Group
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Company in charge of asset management, distribution, valuation, promotion and acquisition of stocks issued by investment funds, deposit and custody of investment assets and mutual funds.
Arrendadora y Factor Banorte, S.A. de C.V., Sociedad Financiera de Objeto Multiple, Entidad Regulada, Banorte Group
Ixe Servicios, S.A. de C.V.
